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BAK Braskem

Filed: 8 Jul 21, 5:27pm

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934


For the month of July, 2021

(Commission File No. 1-14862 )

 


 

BRASKEM S.A.

(Exact Name as Specified in its Charter)

 

N/A

(Translation of registrant's name into English)

 


 

Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil

(Address of principal executive offices)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___       Form 40-F ______

 

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____

 

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ______       No ___X___

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.

 

 
 

 

NOTICE ON RELATED PARTY TRANSACTIONS

 

PartiesPetrobras Transporte S.A. – TRANSPETRO and Braskem S.A.
Relationship with the issuerTRANSPETRO is a wholly owned subsidiary of Petróleo Brasileiro S.A. ("Petrobras"), which in turn holds a 47.03% interest in the voting capital and a 36.15% interest in the total capital of Braskem, and as such is deemed a Shareholder with Significant Influence on Braskem.
PurposePort Operation: Agreement for the rendering by TRANSPETRO to Braskem of tanker unloading services at the Ilha Redonda Waterway Terminal (TAIR), and so-called Product Pipeline Transportation via OSRED-8, which starts at said Terminal, with the product received and stored in the tanks of the LOADER, located at its Industrial Unit in Duque de Caxias, Rio de Janeiro.
Key terms and conditions

·       Rendering of vessel unloading and pipeline transportation services

·       Volume as realized, with no ship-or-pay provision

·       Total estimated value: R$40,000,000.00

·       Payment method: 15 days after issue of payment slip

·       Validity: June 30, 2021 to June 30, 2023 (730 days)

Date of execution of the agreement06/30/2021
Any participation by the counterparty, its partners or managers in the issuer’s decision-making process or in the negotiation of the transaction as representatives of the issuerPetrobras, its partners, or managers have not participated in Braskem’s decision process or in the negotiations of the transaction, and those directors who also held positions at Petrobras refrained from participating in the discussion and voting on the transaction under the scope of Braskem's Board of Directors.
Detailed justification of the reasons why the management of the issuer believes the transaction was carried out on an arm’s length basis or involves adequate compensatory paymentThe transaction was carried out on an arm's length basis and involves adequate compensatory payment. This is because the price of the transaction is consistent with the public fees charged by TRANSPETRO at terminals for unloading vessels and for transporting products via pipeline.  

 

 

 
 

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 8, 2021

 BRASKEM S.A.
    
    
 By:     /s/     Pedro van Langendonck Teixeira de Freitas
   
  Name:Pedro van Langendonck Teixeira de Freitas
  Title:Chief Financial Officer

 

DISCLAIMER ON FORWARD-LOOKING STATEMENTS

 

This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.